Profit Taking
Enjoying the continued service & viewpoints as ever. General advice & viewpoint on taking profit & exiting exposure to the following with a view to reallocate to funds. WBC, SCG, NRW, WGX With thanks, Bernie
The Latest Q&A
Answer
Hi Bernie,
Below is our snapshot view of the four stocks, which may assist your decision making:
- Westpac (WBC) – the bank ended the volatile week testing its all-time high, we see no reason to fade the bullish trend at this stage.
- Scentre Group (SCG) – we remain bullish the property sector and in the case of SCG are targeting new post-COVID highs.
- NRW Holdings (NWH) – the stock looks good but is starting to feel fully valued around $3.50. We took some profit on ANG and SRG on Friday, similar sorts of stocks.
- Westgold Resources (WGX) – we remain bullish the gold sector targeting a test of $3 by WGX medium term.
